PFG Advisors acquired a new position in BWX Technologies Inc. (NYSE: BWXT – Free Report ) during the first quarter, according to the latest SEC filing. The firm acquired 10,049 shares of the technology company’s stock valued at approximately $1,031,000.
A number of other hedge funds and institutional investors have also recently added to or reduced their holdings in BWXT. Vaughan Nelson Investment Management LP acquired a new position in BWX Technologies in the first quarter valued at approximately $42,106,000. Frontier Capital Management Co. LLC increased its stake in BWX Technologies by 28.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after purchasing an additional 216,525 shares during the period. Van ECK Associates Corp increased its stake in BWX Technologies by 97.7% in the first quarter. Van ECK Associates Corp now owns 358,199 shares of the technology company’s stock valued at $36,759,000 after purchasing an additional 177,030 shares during the period. First Trust Advisors increased its holdings in BWX Technologies by 41.3% in the fourth quarter. The firm now owns 330,559 shares of the technology company’s stock valued at $25,364,000 after purchasing an additional 96,629 shares during the period. Finally, Vanguard Group increased its holdings in BWX Technologies by 0.8% in the fourth quarter. The firm now owns 8,677,218 shares of the technology company’s stock valued at $665,803,000 after purchasing an additional 65,137 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.
BWX Technologies Stock Performance
BWXT shares opened trading at $98.43 on Friday. The company has a market capitalization of $9 billion, a price-to-earnings ratio (PE) of 35.53, a price-to-earnings growth ratio (PER) of 3.64 and a beta of 0.69. BWX Technologies, Inc. has a one-year low of $67.91 and a one-year high of $107.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The company’s 50-day moving average price is $91.45 and its 200-day moving average price is $91.00.
BWX Technologies (NYSE:BWXT – get free report ) announced its quarterly earnings on Monday, May 6th. The technology company reported quarterly earnings per share (EPS) of $0.76, beating the consensus estimate of $0.67 by $0.09. The company’s revenue for the quarter was $603.97 million, beating analyst expectations of $599.92 million. BWX Technologies had net margins of 10.00% and return on equity of 31.57%. The company’s quarterly revenue grew 6.3% year-over-year. EPS was $0.70 during the same period last year. Analysts expect BWX Technologies, Inc. to post earnings per share of $3.19 this year.
BWX Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were paid a $0.24 dividend. The ex-dividend date for this dividend was Thursday, May 16th. This equates to an annualized dividend of $0.96, or a yield of 0.98%. BWX Technologies has a dividend payout ratio of 34.66%.
Analyst Rating Changes
A number of research firms have commented on BWXT recently. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the company in a research report on Monday, June 10th. BTIG Research initiated coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. The firm set a “buy” rating and a $110.00 price target on the company. Bank of America raised their target price on shares of BWX Technologies from $82.00 to $115.00 and set a “buy” rating on the company in a research report on Thursday, March 28th. Finally, Truist Financial reaffirmed a “hold” rating and set a $95.00 price target (down from the previous $110.00) on shares of BWX Technologies in a research report on Monday, March 25. Four research analysts have rated the stock with a hold rating, and seven have issued a buy rating. According to MarketBeat, BWX Technologies currently has a “moderate buy” consensus rating with an average price target of $96.33.
Get the latest BWX Technologies stock report
BWX Technologies Company Profile
(Free report)
BWX Technologies, Inc., together with its subsidiaries, manufactures and sells nuclear components throughout the United States, Canada and overseas. The company operates in two segments: Government Operations and Commercial Operations. The Government Operations segment designs, manufactures and fabricates naval nuclear components, reactors and fuel, and supplies unique and sole source valves, manifolds and fittings for naval and commercial marine customers.
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